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ECB to increase QE to EUR 75 billion per month - Reuters Poll

FXStreet (Mumbai) - The latest Reuters poll the majority of the economists expect the ECB to increase its QE program by EUR 15 billion per month to EUR 75 billion per month.

The probability of the ECB action in December stands at 80%. Pollsters see deposit rate cut by 10bps to -0.30%, while the bank is expected to keet main refinance rate on hold at 0.05%. 36/46 says ECB policies have improved lending to businesses in Eurozone.

United States MBA Mortgage Applications down to -3.2% in November 20 from previous 6.2%

United States MBA Mortgage Applications down to -3.2% in November 20 from previous 6.2%
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RBA seen ‘on hold’ through 2016 – Westpac

According to Sean Callow, Strategist at Westpac Global Strategy Group, the RBA could refrain from acting on the domestic monetary front throughout the next year....
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